Wednesday, May 21, 2014

5/20/14 Update

The Fidelity Gold Miners Fund (symbol: FSAGX) closed down .03 points or 0.2% to $20.63.

Support is $20.60 and resistance is $20.82.

Trading below 50 and 200 day moving averages.

I am in at $20.52 since 4/1/14.

Currently ranked #1 in my model.

My forecast/plan/trend for gold mining stocks is to hold until ranking falls below #3 and/or I have held it for 90 days or more.

Prior I bought it on 12/3/13 at $17.31 and sold it on 3/14/14 at $23.96 for a 38.42% return.

ETF Equivalent is the Market Vectors Gold Miners (symbol: GDX).

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